Wells Fargo analyst Christopher Carey maintains $Keurig Dr Pepper (KDP.US)$ with a buy rating, and maintains the target price at $42.
According to TipRanks data, the analyst has a success rate of 51.1% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Keurig Dr Pepper (KDP.US)$'s main analysts recently are as follows:
There were numerous details to consider following Keurig Dr Pepper's earnings update. Although there are still some unresolved questions, it's believed that the company is steadfast in achieving 7% earnings growth by 2025.
Keurig Dr Pepper experienced what was characterized as 'disappointing' Q3 outcomes within its U.S. coffee segment, falling short in terms of sales and profit despite a positive performance in U.S. refreshment beverages. The shortfall in the coffee business was largely due to unfavorable pricing, accompanied by less-than-expected coffee pod volumes. Nonetheless, the valuation of Keurig Dr Pepper is still considered appealing.
Keurig Dr Pepper's recent quarterly performance was less impressive, influenced by aggressive promotional activities in the coffee sector and international outcomes that fell marginally short of anticipations. Nonetheless, the company has seen an acceleration in total company volumes for the third successive quarter, and its earnings per share met expectations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
